Development Finance

Our development finance solutions follow the full development cycle.

We source funding through the cycle with land loans, development/conversion finance, developer exit facilities and where required refinance into an investment facility.

Each application is supported by a detailed summary to speed up the assessment and credit submission for our lenders together with a full development finance pack to get the finance to formal loan offer in the most time efficient method.

The summary is written by experienced ex lenders and further supported by former underwriters to take your application through its legal due diligence to ensure the finance is completed on time.   

Typical Lending Requirements:

  • Senior Debt: Finance up to 60% loan to cost and to 55% loan to gross development value with rates starting from 3.5% plus base or libor.
  • Stretch Senior Debt: Finance up to 95% loan to cost and to 80% loan to gross development value with rates starting from 5% plus base or libor.
  • Mezzanine: Up to 97.50% of total costs and up to 80% of the loan to gross development value.
  • Land Loans: These are typically available up to 70% of the residual land value.
  • Single Units and Small Sites.
  • Developer Exit Solutions: Up to 80% loan to value on refinance. Release equity for further projects together with pre agreed sales proceed release.
  • Multi Phase Loans: Typically with pre agreed proceed release.

Powered by Knowledge:

  • Our panel covers high street banks through to specialist and private lenders with over 45 lenders.
  • As a team we have provided finance from £200,000 through to a £100,000,000 so you’re in experienced hands.
  • We understand what our lenders look at and find appealing within a proposal allowing speed and efficiency throughout.
  • We take time getting to know our lenders and staying up to date with all their criteria.
  • Before presenting your proposal, we look at your costs and run the numbers through our own development finance model.

Development Finance Model:

Our development finance model allows us to provide our clients with an immediate funding overview before approaching lenders allowing us to consider who are the likely banks/companies to offer finance.

  • Calculated Interest rolled or retained
  • Lending Fees in and out
  • Monthly Drawdowns
  • Build Cost per square foot
  • Gross Development Value per square foot
  • Loan to Cost
  • Loan to Gross Development Value
  • The Residual Land/Site Value
  • Gross Profit
  • Sales Proceed Release on plot sales (for larger schemes)

This in turn saves our clients time ensuring we approach the right lenders day one. 

Guidelines:

Case Studies:

Looking for in-depth information about Specialist Property Finance?

Download our product guides covering bridging loans, buy-to-let, specialist fincance, development finance and much more...

Diligent

Being armed with all the relevant information at the outset.

Professional

Providing the highest standard of service for both our clients and lenders.

Long Term

Ensuring that the long-term goals of our clients are at the heart of everything we do.

Efficient

Utilising our experience & relationships together with technology to improve the journey of our customers.



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Napex Finance Ltd is registered in England and Wales No. 11595149. Registered Office: 78 Loughborough Road, Quorn, Leicestershire, LE12 8DX All rights reserved. Napex Finance Ltd is authorised and regulated by the Finance Conduct Authority (FCA) No. 827051. The FCA does not regulate some mortgage contracts.